[New post] Why Multilateral Development Banks Must Step Up on Debt Relief

Development Matters posted: " By Rishikesh Ram Bhandary, PhD, Assistant Director of the Global Economic Governance Initiative at the Boston University Global Development Policy Center and Sara Jane Ahmed is the founder of the Financial Futures Center and Finance Advisor to the V2" Development Matters Why Multilateral Development Banks Must Step Up on Debt Relief Development Matters Oct 13 By Rishikesh Ram Bhandary, PhD, Assistant Director of the Global Economic Governance Initiative at the Boston University Global Development Policy Center and Sara Jane Ahmed is the founder of the Financial Futures Center and Finance Advisor to the V20 Group of Finance Ministers As creditors are often reluctant to participate in a debt restructuring unless other creditors participate, a guarantee facility hosted by the MDBs could secure payments to private creditors. This would incentivise the private sector to join the debt relief effort while reducing what countries owe. The Group of 20 (G20) appointed an independent expert group on capital adequacy frameworks for MDBs that has reaffirmed the amount of headroom – USD 500 billion to USD 1 trillion - that MDBs have to scale up their lending programmes. Read more of this post Unsubscribe to no longer receive posts from Development Matters. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://oecd-development-matters.org/2022/10/13/why-multilateral-development-banks-must-step-up-on-debt-relief/ Powered by WordPress.com